Home / Knowledge / News / Apparel/Garments / 'Apparel constitutes 60% of Sri Lankan exports to EU'
'Apparel constitutes 60% of Sri Lankan exports to EU'
09
May '14
Around 60 percent of the US$ 3.27 billion worth Sri Lankan exports to the EU made in 2013 were apparel, according to Sri Lanka’s Minister of Industry and Commerce Rishad Bathiudeen.
 
Addressing the second EU-Sri Lanka Trade Dialogue at a hotel in Colombo, Mr. Bathiudeen said, “In 2013, sixty percent of our exports to EU were apparel. The relationship built on apparel trade has become a strategic partnership with major buyers in the EU.”
 
“Today, Sri Lanka has become a value creator to its strategic partners. This significant development, in our exports to the EU is the growth in our apparel exports despite the loss of GSP plus facility in August, 2010,” he added.
 
The EU-Sri Lanka Trade Dialogue, aimed at promoting EU-Sri Lanka bilateral trade further, was organized by the European Chamber of Commerce Sri Lanka (ECCSL), in association with the European Union (EU) and the Sri Lanka Export Development Board (SLEDB).
 
The two-day forum addressed areas such as market research for potential business in the EU, upgrading sectors with European technology and innovation, and access to finance for technology enhancement. 
 
During the discussion at the forum, it was emphasized that Sri Lankan businesses should become aware that benefits of certain facilities and trade concessions would not be available as the country graduates to a middle income economy.
 
Another point that was highlighted at the discussion was the opportunities for Sri Lankan exporters, including textile and garment exporters, to utilize raw material from Asean member countries, for which the EU has issued comprehensive guidelines on how the materials are to be used for value addition.
 
In 2013, Sri Lanka’s earnings from textile and garment exports grew by 13 percent year-on-year to $4.508 billion.
 

Fibre2fashion News Desk - India


Must ReadView All

Robert Lighthizer speaking at the opening of the ministerial plenary of the 16th Forum of AGOA, in Lome. Courtesy: US Embassy in Togo

Textiles | On 17th Aug 2017

US committed to Africa, Lighthizer tells AGOA forum

The United States and Africa can jointly create a better business...

Textiles | On 17th Aug 2017

Sri Lankan textile exports down 4.1% in May 2017

After showing positive trend for two consecutive months, Sri Lankan...

Courtesy: CBEC

Textiles | On 17th Aug 2017

E-commerce firms need to file monthly statements: CBEC

India’s Central Board of Excise and Customs (CBEC) has clarified that ...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.0%
No
17.2%
Skip
13.8%

Total Votes: 29

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
41.4%
No
37.9%
Skip
20.7%

Total Votes: 29

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
82.8%
No
6.9%
Skip
10.3%

Total Votes: 29

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
58.6%
No
10.3%
Skip
31.0%

Total Votes: 29


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X